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Chase is doing its best to grab attention for new applicants for its Chase Ink Business cards, which earn valuable Chase Ultimate Rewards® points. Both cards are great companions for the Chase Sapphire Preferred® Card, whose Ultimate Rewards points you can combine with points you earn from the Ink cards and transfer to several airline mile and hotel programs.
What score does it take to qualify?
While credit scores are no guarantee of acceptance, here are the credit scores for the following cards:
- Ink Business Cash℠ Credit Card: Excellent credit
- Ink Business Preferred℠ Credit Card: Excellent credit
How big of a company do I have to run?
You don’t need to have a full fledged corporation to qualify for the Ink or any other business cards from Chase.
These are designed for the smallest of businesses, and Chase understands that many of today’s businesses are just getting started, or run by people who have regular day jobs. But you may want to keep your expenses separate.
You don’t need a business with established revenue.
Every business has to start at zero, but has some expenses to get started, and that’s when a business card like the Ink cards can be very helpful. Whether you’re consulting, babysitting for friends, selling on eBay, or blogging, if you plan to earn some money from it you’ve got a business.
You don’t need to file special paperwork.
Your own social security number can be the tax ID for your business – there’s no need to be fully incorporated to get a business card and earn points. You can decide on that later.
And if you have a business fully up and running that’s great news and these cards can save you money by offering some of the most powerful rewards available for business owners and their employees.
The Ink Business Cash℠ Credit Card lets you Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
The Ink Business Cash℠ Credit Card has a $0 annual fee. You can use your Ink Business Cash℠ Credit Card for restaurants, while you use the Ink Business Preferred℠ Credit Card for everything else. You won’t pay any extra fees and the points you earn from each card can be easily combined at any time online.
While the Ink Business Cash℠ Credit Card by itself doesn’t let you transfer points to airline programs like United and Southwest, having an Ink Business Preferred℠ Credit Card alongside lets you do that with points you earn from the $0 annual fee Ink Business Cash℠ Credit Card.
Don’t let the ‘Cash’ name fool you.
It earns full Ultimate Rewards points and as long as you have an Ultimate Rewards card that has an annual fee like a Chase Sapphire Preferred® Card and Ink Business Preferred℠ Credit Card, the points you earn from the Ink Cash can be transferred into airline and hotel programs at any time.
Just be aware that international purchases on the Ink Business Cash℠ Credit Card does incur a foreign transaction fee of 3% of each transaction in U.S. dollars, while the Ink Business Preferred℠ Credit Card does not.